lease renewal commission broker participation required?

does a broker have to participate to earn commission?
In Leasing Property - Asked by Ronald N. - Feb 5, 2010
Report Abuse
Answer this Question


Jeff G.
Atlanta, GA

Does the broker have a commission agreement that says he gets paid on a renewal? Is there language in the lease that specifies broker gets paid on renewal?
If the answer is yes to either, yes.....the broker is due the commssion specified. (unless the commssion langauge specifically states he must have actively particpaited in the renewal and failedto do so)

Feb 5, 2010
Report Abuse
Leana M.
Property/Asset Manager
Denver, CO

If the original agreement has a provision for renewal commission than broker can probably claim a commission is owed even if they did not make a meaningful contribution to the renewal. If there is nothing in the original agreement and broker has not participated, Landlord can deny the commission.

Feb 15, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question